Category Archives: Activist Funds
Activist Hedge Fund Tackles Yahoo
New York (HedgeCo.Net) – New York-based activist hedge fund Starboard Value LP has sent a letter to Yahoo CEO Marissa Mayer and Yahoo’s Board of Directors. The hedge fund has an estimated $1 billion in assets and was founded by Jeffrey Smith […]
Hedge Fund Investor NextEra Energy Plans To Acquire And Phase Out Florida Power Plant
New York (HedgeCo.Net) – NextEra Energy subsidiary, Florida Power & Light Company, (FPL) has filed a petition with the Florida Public Service Commission (PSC) to request approval to acquire the Cedar Bay Generating Plant, a 250-megawatt coal-fired facility located in […]
GM Agrees To Hedge Fund Activist’s $5 Billion Buy-back Plan
New York (HedgeCo.Net) – General Motors today agreed to a $5 billion share repurchase plan put forward by Harry Wilson, a former member of Obama’s Auto Industry Task Force. As part of the deal, Wilson agreed to give up his […]
Activist Hedge Fund Wants New Chairman For Ciber Board Of Directors
New York (HedgeCo.Net) – Lone Star Value Management, a $2.7 million shareholder of Ciber Inc., has delivered a formal notice to IT consulting firm Ciber of its intention to nominate three director candidates for election to the board at the […]
Man Reports $72.9 Billion In Funds Under Management For 2013
New York (HedgeCo.Net) – Hedge fund giant Man Group plc today announced the results for the financial year ending 31 December 2014. Funds under management (FUM) are reported up 35% to $72.9 billion (31 December 2013: $54.1 billion.) “2014 marked […]
Sandell Hedge Fund Sends Activist Letter To TransCanada
New York (HedgeCo.Net) – Activist hedge fund Sandell Asset Management is taking on oil giant TransCanada, requesting a spinoff of its energy sector and urging the company to take advantage of a low tax paying affiliate. “Although we are excited […]
Activist Hedge Fund Files Against Kabel Deutschland
New York (HedgeCo.Net) – One of Paul Singer’s activist hedge funds, Elliott Associates, L.P., has filed a lawsuit against Kabel Deutschland Holding AG and Vodafone, the WSJ reports. Elliott, which has a 13.5% stake in Kabel Deutschland (KDG) via the […]
Hedge Fund Giants Join Up To Raise $6 Million For Charity
New York (HedgeCo.Net) – Hedge fund sponsored event, Robin Hood, yesterday concluded its 2nd annual Investors Conference, raising $6 million to support hundreds of the most effective job-training programs, schools, soup kitchens, shelters and other poverty-fighting programs throughout New York […]
AIMA Launches OTC Guidelines for Hedge Funds
New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has launched OTC derivatives clearing guidelines for asset managers. AIMA’s Guide to Sound Practices for OTC Derivatives Clearing provides guidance on the new regulatory […]
Republican Hedge Fund Manager Backs Gay Marriage
New York (HedgeCo.Net) – Paul Singer, the founder and CEO of hedge fund Elliott Management, presented awards to Ted Olson and David Boies, the two lawyers that won the Claifornia Supreme Court case challenging Proposition 8. “The building block of every community is […]
